Monday, October 24, 2016

The Vizzda Weekly - Phoenix - October 24th, 2016

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THE VIZZDA WEEKLY
October 24th, 2016
 
 
Last week in Phoenix, Vizzda tracked $223,597,057 in commercial real estate including 47 sales and 16 new projects. Below are Vizzda's top transactions of the week. 
 
 
 
 
PLANNING & ZONING 
 
 
Spotlight
Vacant Land in Gilbert Proposed for New Entertainment Venue  
 
On October 20th, The Gilbert Town Council Introduced a Final Plat at public meeting for a 50,131 square foot entertainment venue in Gilbert.    
 
(1 of 16 planning & zoning events last week)
 
 
 
LAND
 
 
Spotlight
Commercial Land in Tempe Purchased for $1.8M
 
On October 20th, Panera Bread Company purchased 2.64 acres of commercial land for the development of a 4,133 square foot retail building for Panera Bread Company for $1,841,716.00.  
     
(1 of 18 land sales last week)
 
 
 
 
OFFICE
 
 
Spotlight
Medical Office in Maricopa Purchased for $3.5M 
   
On October 7th, John & Linda Peterson purchased one single-story building on 1.45 acres from Harper Mathews for $3,500,000 with $950,000 down and $2,550,000 in funding with Washington Federal.      
 
(1 of 9 office sales last week)
 
    
 
MULTIFAMILY
 
 
Spotlight
RV Park in Buckeye Purchased for $7.75M
 
On October 18th, Daniel Williamson purchased a 377-space RV park on 34.07 acres in Buckeye from Sandra Catalina, Craig Swanson and Linda Perkins for $7,750,000 with $2,635,000 down and $5,115,000 in seller-carry debt.         
 
(1 of 5 multifamily sales last week)
 
 
 
INDUSTRIAL
 
 
Spotlight
Single-Tenant Warehouse in Tempe purchased for $1.38M
 
On October 18th, Arizona Jobbers Supply purchased a 16,590 square foot warehouse from Scott and Heather Aswege for $1,385,230.          
 
(1 of 5 industrial sales last week)
 
 
 
RETAIL
 
 
Spotlight
Former Grocery Store in Phoenix Purchased for $650K
  
On October 19th, Vegas International Properties Realty Group purchased a 13,750 square foot grocery store in a retail strip center from Fortress Investment Group for $650,000.        
 
(1 of 9 retail sales last week)
 
 
 
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